A Demogrant

Julian Le Grand

in Motivation, Agency, and Public Policy

Published in print September 2003 | ISBN: 9780199266999
Published online April 2004 | e-ISBN: 9780191600869 | DOI:
A Demogrant

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Discusses an idea for turning pawns into queens of which the author was an initiator: the idea of a universal stakeholder or demogrant to every young adult. A similar idea has been termed stakeholding grants or ‘baby bonds’, and the British Government has just introduced another version: the child trust fund. Gives the historical background to the idea, and locates it as part of the growing movement toward ‘asset‐based welfare’. Discusses its pros and cons, and the details of practical implementation

Keywords: asset‐based welfare; baby bonds; child trust fund; demogrants; stakeholding

Chapter.  8622 words. 

Subjects: Public Economics

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